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About Our Loans
Advantage Parent Loans
Prepare them for the future —
and save thousands at the same time!
Advantage Parent Loans
Prepare them for the future —
and save thousands at the same time!
Parent Loans fill funding gaps that traditional student loans leave behind.
The Advantage Parent Loan is a better cost-savings option to cover your child's college expenses than the Federal PLUS loan. Compare loans to see the difference.
FIXED rates as low as 4.49% APR* and NO fees!
Take advantage of our autopay service for lower rates. Plus, selecting one of the Immediate Repayment options gives you a lower rate which can save hundreds, if not thousands, of dollars over the life of the loan!
Benefits and Features
Our parent loans have low FIXED rates starting at 4.49% APR* and NO fees! Even lower rates with our autopay discount!
Advantage Parent Loans
Choose the repayment option best for you!
IMMEDIATE REPAYMENT
INTEREST ONLY
DEFERRED REPAYMENT
The student can be enrolled full time, part time or even less than half time!
Full repayment of principal and interest begins after loan is fully disbursed.
Quickest way to pay off your loan and less money paid in the long run when compared to Interest Only or Deferred Repayment.
The student must be enrolled at least half time.
Interest payments begin after a loan is fully disbursed.
Full repayment begins six months after the student leaves school or drops below half-time status.
Less money paid in the long run when compared to the Deferred Repayment.
The student must be enrolled at least half time
Full repayment begins six months after the student leaves school or drops below half-time status.
You will pay more money over the life of the loan when using this plan.
Get Started on the Application
Or call 1-800-988-6333 to request an application.
* APRs and quoted savings are representative samples for educational purposes only and may not reflect current or actual loan rate offers or available percentage rates. Your actual APR will depend upon your credit transactions and credit history and will be determined once a credit decision is made. Advantage Parent Loans have no application, origination, default, late or NSF fees.
Advantage Parent Loans are private loans. We recommend applying for all eligible grants and scholarships first. We reserve the right to modify or discontinue loan features or benefits or to discontinue loan programs at any time without notice. Rates vary based on the repayment plan you've selected, your credit history and other factors. Advantage Parent Loans are owned and managed by KHESLC, a state-based, non-profit lender. We do not sell or subcontract our loans.
For new Advantage Parent Loans, a cosigner release may be available after 12 months of on-time regularly scheduled principal and interest payments, or an equivalent lump sum payment. The cosigner release is dependent upon the loan’s disbursement date, borrowers’ current credit and other factors. The borrower needs to request the cosigner release. A credit review will then be performed to ensure the borrower meets certain credit and eligibility requirements.
Interest rate effective date is 05/27/2023.